Gas storage

Gas Storage Ups and Downs

Coming off a year that was anything but typical, it’s no surprise that gas storage – a key indicator of natural gas prices and an important market in the U.S. energy picture – has been impacted by the pandemic, but even more so, by demand growth, cancellation of major pipeline projects and the push for electrification and green energy.

Europe's Unusually Low Gas Stocks Set to Underpin Prices

European gas storage levels are lower than usual for the time of year and will need to be topped up significantly in the coming months, providing support to wholesale gas prices.

Cold Weather Leads to Near-Record Withdrawals from Underground Natural Gas Storage

Significant demand for natural gas in mid-February led to the second-largest reported withdrawal of natural gas from storage in the United States, according to the EIA's Weekly Natural Gas Storage Report.

Energy Transfer to Acquire Enable Midstream for $7 billion

Dallas-based Energy Transfer and Oklahoma City’s Enable Midstream Partners are merging after agreeing that Energy Transfer will acquire Enable for an all-equity $7.2 billion deal.

Gazprom Halts Gas Supply to Russia's Kaliningrad Region

The country relied solely on Gazprom for its gas supplies until 2014, when it launched its own liquefied natural gas (LNG) import facility and now imports most of its gas from Norway and elsewhere.

China’s Sinopec Plans Record LNG Imports to Battle Cold Snap

Sinopec Corp pledged to maximize domestic gas productions and raise imports of LNG to record rates as a cold spell hitting large parts of the country this week lifts demand for the winter heating fuel.

LNG Import Terminals Add-Ons Boast Advantages

North American LNG exporters are sounding more confident about the prospects for new projects in 2021 due to a recent rally in prices driven by surging Asian demand, even as most industry analysts expect next year to be another difficult one.

Ukraine Could Export Gas to Europe This Winter

Ukraine has collected a record volume of natural gas in storage this year and says it is open to exporting some of its stores to the European market if conditions are right.

High Storage Levels Mean Weak Gas Prices Expected for European Winter

Analysts are expecting weak gas prices in the European market over the winter season as storage levels are already nearly full due to a sharp drop in demand early this year as countries went into lockdown to prevent the spread of the coronavirus.

PipeChina to Take on $56 Billion of Pipelines to Boost Network Access

China is taking major steps to consolidate its midstream oil and gas sector with the newly formed state-owned PipeChina taking on more than $55 billion in assets.

Berkshire Hathaway Energy to Acquire Dominion Energy’s Gas Transmission and Storage Business

Berkshire Hathaway has agreed to purchase Dominion Energy's natural gas transmission and storage business for almost $10 billion.

Easton Energy Adds Crude, NGL Storage Rights at Texas Facility

U.S. pipeline and storage operator Easton Energy is planning to expand its natural gas liquids and olefins storage at existing salt caverns along the Texas Gulf Coast and add crude storage capability.

Black Bear Transmission Acquires Ozark Natural Gas Transmission Business from Enbridge

Black Bear Transmission has acquired Enbridge's Ozark gas transmission businesses.

TechnipFMC Tells Energean Virus may Delay FPSO Project

Gas producer Energean said on Thursday it had been told by TechnipFMC, which is building a vessel it needs to begin Israeli offshore production, that the coronavirus was a force majeure event.

U.S. Department of Energy Awards $25 Million to Improve Natural Gas Operations

The U.S. Department of Energy (DOE) has selected 16 projects to receive nearly $25 million in federal funding for cost-shared projects to advance natural gas infrastructure technology development.

EU Storage Operators Brace for ‘Flexible’ Services Era

The European Union (EU) already has its own de-carbonization effort to coincide with achieving emission reduction targets in the Paris Agreement. It calls for near-complete de-carbonization of the entire energy sector well before 2050, so the natural gas sector and storage are carrying a big target on their backs.

Winter Is Coming, And the Gas Storage Outlook Appears Secure

As rhythm and blues singer Richard “Dimples” Fields matter-of-factly proclaimed in the 1980s, “If it ain’t one thing, it’s another.” For the natural gas storage industry, that succinctly summarizes its last five years following the global oil and gas price declines.

Bid for Inter Pipeline Highlights Strength of Canada's Midstream Sector

A recent unsolicited bid for Inter Pipeline Ltd has highlighted the potential of Canada’s midstream companies to offer insulation from volatile oil prices.

Pipeline Construction, LNG Terminal Start-Up Delayed in India

Indian natural gas company H-Energy Pvt Ltd will delay the start of its liquefied natural gas (LNG) import terminal at Jaigarh to the fourth quarter of 2019, the company's Chief Executive Officer Darshan Hiranandani said on Wednesday.

Energy Department Offering Grants for Pipeline Projects

The Department of Energy will award $24 million in grants for the development of tools, methods and technologies to cost-effectively enhance the safety and efficiency of the nation’s natural gas production, gathering, storage, and transmission infrastructure. Grants will be as much as $3 million but no lower than $1 million.

NW Natural Completes North Mist Expansion Project

NW Natural has completed its North Mist Expansion Project and begun providing no-notice storage to Portland General Electric’s Port Westward plants to balance renewable power on the grid.

Magellan CEO Optimistic on Cushing-to-Houston Pipeline

Magellan Midstream Partners LP believes a proposed Midland origin point will attract sufficient commitments from shippers to proceed with a long-haul crude pipeline from the U.S. oil storage hub in Cushing, Oklahoma, to Houston, Chief Executive Michael Mears said on Wednesday.

Chevron Acquiring Anadarko for $33 Billion as Crude Prices Climb

Chevron will buy Anadarko Petroleum for $33 billion in a cash-and-stock deal as the company seeks to grow stronger in deep water exploration in the gulf and the energy-rich southwest region of Texas called the Permian Basin.

Parker

Parker Protecting gas turbines and compressors from dust, sand, moisture, salt and other contaminants is vital to performance and reliability. The TS1000 coalescer from Parker has been specifically developed for regions such as the Middle East and other places where this c..

Lithuania to Ask Belarus to Switch Nuclear Plant to Gas

Lithuanian Prime Minister Saulius Skvernelis will ask Belarus to convert its Russian-built nuclear power plant to gas provided by Lithuania’s liquefied natural gas (LNG) terminal and a planned gas link between Lithuania and Poland.

Bangladesh Imports First LNG from Oman After Pipeline Completed

Bangladesh has imported its first LNG cargo from Oman Trading International, its long-term supplier of the super-chilled fuel, after construction at a domestic pipeline was completed.

SoCalGas Asks Customers to Reduce Use, Cites Limits on Pipelines

Southern California’s gas utility extended its request for consumers to reduce natural gas use through the weekend, to avoid straining the system as cold weather lingers over the area.

ExxonMobil Shelves Canada LNG Export Project

U.S. oil major Exxon Mobil Corp has withdrawn its West Coast Canada (WCC) LNG export terminal in Canada from the environmental assessment process, it said Thursday, signaling the project has been shelved.

Retiring Stavropoulos Leaves PG&E a Safer Utility

Eight years after joining PG&E in the wake of the San Bruno explosion, Nick Stavropoulos retired as an industry role model for restoring a sense of pride at the giant San Francisco utility.

Gas Remains Key to UK Energy

Gas is a key element of the U.K.’s energy mix, but the closure of Centrica’s Rough long-term storage facility last year reduced U.K. gas storage to only 14 days of capacity, compared with 87 in France, 69 in Germany and 59 in Italy.